Gasoline Market Analysis on November 20
International crude oil closes
Gasoline price index
On November 20, China's 92 #gasoline price index was 7839.01, an increase of 35.57 or 0.46% from yesterday; China's 95 #gasoline price index was 8153.47, an increase of 35.92 or 0.44% from yesterday. Both the 92 #gasoline index and the 95 #gasoline index were raised, and the price difference between the 92 #gasoline index and the 95 #gasoline index was 314.46.
Gasoline Market Analysis:
Today, the main wholesale portion of gasoline in China continued to rise. Gasoline prices in South China, North China, Northeast China and Southwest China have been increased, concentrated at 30-100 yuan/ton. The ex-factory price of local refineries has increased steadily compared with yesterday's quotation, with Shandong, East China and Central China increasing by 10-70 yuan/ton; gasoline in Northwest China increased in the region; quotations in other regions were stable. At present, the transaction atmosphere in China's gasoline market is good. International oil prices on the cost side have closed up continuously. Most of China's main units and local refineries have pushed up, and the mentality of on-site operators entering the market to replenish goods has improved，As well as yesterday's market shipments were improving, refineries are willing to support prices.
market outlook
In terms of international crude oil, the market has partially resumed production in Norway's largest oil field, and output has returned to 2/3 of normal production capacity. Geographically, Ukraine used the US Army tactical missile system to attack Russia for the first time. Russia approved the new policy, and the content was regarded as a warning signal from Russia to the West. Under the influence of good air factors,China gasoline market guidance is limited。Retail price limits in China's market have fulfilled stranded expectations, the trading atmosphere has been mild, the transaction situation in the middle and lower reaches has improved, and purchasing enthusiasm has increased.Bearishness has improved and supply resources are sufficient。On the whole, it is expected that China's gasoline market will remain mainly stable in the short term, and some regions may have slight upward expectations.
